The declining trend in food price inflation globally may not hold true for inflationary trends faced domestically due to a weakening Indian Rupee vis-a-vis the US Dollar. The recently released FAO Food Price Index (nominal) has shown a declining trend in July for the third consecutive month owing to lower international prices for grains, soy & palm oil, meat, dairy and sugar. (See links below) Based on FAO Food Price...

-The Hindu     Haryana IAS officer Ashok Khemka submits 100-page report to government Ashok Khemka, the Haryana IAS officer who cancelled a land deal mutation between Robert Vadra and real estate giant DLF Universal Ltd last October, has told the Haryana government that Mr. Vadra falsified documents and executed a series of sham transactions for 3.53 acres land in Shikohpur village of Gurgaon, thereby pocketing a hefty premium on a commercial colony licence...

-The Economic Times When the voting stops on August 19, the scorecard, which is currently 9-0, may well read 12-0. An emphatic and embarrassing rejection of state and corporate plans to mine bauxite atop the Niyam Dongar hilltop in the Kalahandi district of Odisha. Twelve tribal villages that call this mountain range home have, in all likelihood, secured their religious rights over the hill and its natural resources, including 72 million...

-The Economic Times NEW DELHI: It is not only the opposition parties but cooking gas distributors also want the UPA government to delay the implementation of direct benefit transfer of liquefied petroleum gas (LPG) scheme. They fear there would be problems and errors in meeting the stiff timelines as authorities rush to transfer cash directly to the bank accounts of 14 crore consumers before general election next year. "The government is in...

-The Telegraph New Delhi: The Supreme Court today ticked off the government for "dilly dallying" on an affordable drug pricing policy, following a petition that said the delay was aimed at pushing through suggestions of the powerful manufacturers' lobby. A bench of Justices G.S. Singhvi and Gopala Gowda asked the Centre to respond within six weeks. The All India Drug Action Network (AIDAN) had filed the application saying the government was delaying a...